© Reuters. FILE PHOTO: A girl walks previous a Deutsche Financial institution workplace in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Picture
FRANKFURT (Reuters) -Deutsche Financial institution mentioned on Wednesday it’ll undertake a 300 million euro ($338.52 million) share buyback and pay a dividend for 2021.
The share buyback can be accomplished within the first half of this 12 months. The dividend has been set at 0.20 euro per share.
Germany’s largest lender final paid a dividend of 11 cents in 2019 for 2018.
Deutsche mentioned the 2 strikes will give shareholders round 700 million euros in capital.
It represents a “first step in the direction of a beforehand introduced dedication to return 5 billion euros of capital to shareholders over time”, the financial institution mentioned.
($1 = 0.8862 euros)
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